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The Malad Sahakari Bank Ltd Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for The Malad Sahakari Bank Ltd Mumbai Mumbai Maharashtra

MICR Code
Bank The Malad Sahakari Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kurar Village Branch
Contact 22-28400557
Bank Details The Malad Sahakari Bank Ltd Kurar Village Branch TMSB0000003
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400097
Country IN
Address Sai darshan apt. Kurar village, malad (e),mumbai 400 097
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 400079003 for Kurar Village Branch branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 400079003 of Malad Sahakari Bank, Kurar Village Branch branch makes the system almost error free and faster. Use of Malad Sahakari Bank MICR codes for Kurar Village Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of The Malad Sahakari Bank Ltd are available with micr code -

>>Bombay Talkies Branch >>Extension Counter >>Kandivali Branch >>Kurar Village Branch >>Liberty Garden Branch >>Main Branch

MICR code for The Malad Sahakari Bank Ltd Kurar Village Branch

The Malad Sahakari Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Malad Sahakari Bank MICR code for Kurar Village Branch is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 400079003 is the MICR code of The Malad Sahakari Bank Ltd for Kurar Village Branch branch. MICR code for Kurar Village Branch branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Malad Sahakari Bank Kurar Village Branch is presented in the table alongside.

Use of Malad Sahakari Bank MICR code for Kurar Village Branch branch in mumbai

The MICR code 400079003 is used in RBI cheque clearing process to identify the branch Kurar Village Branch and Malad Sahakari Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of The Malad Sahakari Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.